General Mills, Inc. (NYSE:GIS) Director Sells $63,660.00 in Stock

General Mills, Inc. (NYSE:GIS) Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the transaction, the director now owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

General Mills Price Performance

General Mills stock opened at $62.78 on Wednesday. General Mills, Inc. has a 12-month low of $61.47 and a 12-month high of $75.90. The stock has a market cap of $34.85 billion, a P/E ratio of 14.95, a PEG ratio of 3.25 and a beta of 0.11. The company has a 50-day moving average price of $70.18 and a 200 day moving average price of $68.73. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. General Mills’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 earnings per share. Sell-side analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.82%. The ex-dividend date is Friday, January 10th. General Mills’s dividend payout ratio (DPR) is presently 57.14%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Values First Advisors Inc. purchased a new position in General Mills during the third quarter worth about $27,000. First Foundation Advisors boosted its stake in shares of General Mills by 400.0% in the second quarter. First Foundation Advisors now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares during the period. Planning Capital Management Corp boosted its stake in shares of General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares during the period. Beacon Capital Management LLC boosted its stake in shares of General Mills by 47.5% in the first quarter. Beacon Capital Management LLC now owns 559 shares of the company’s stock valued at $39,000 after purchasing an additional 180 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of General Mills in the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GIS. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research report on Thursday, September 19th. Barclays increased their target price on shares of General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. The Goldman Sachs Group initiated coverage on shares of General Mills in a research report on Monday, August 12th. They issued a “buy” rating and a $76.00 target price for the company. Citigroup increased their target price on shares of General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Stifel Nicolaus increased their target price on shares of General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $72.67.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.